Common use of Redemption of Shares by Trustees Clause in Contracts

Redemption of Shares by Trustees. The Trustees may, at their option, call for the redemption of the Shares of any Person or may refuse to transfer or issue Shares to any Person to the extent that the same is necessary to comply with applicable law or advisable to further the purposes for which the Trust is formed. To the extent permitted by law, the Trustees may retain the proceeds of any redemption of Shares required by them for payment of amounts due and owing by a Shareholder to the Trust or any Portfolio.

Appears in 87 contracts

Samples: Agreement and Declaration (Aim Floating Rate Fund), And (Aim Sector Funds), Agreement and Declaration (Aim Special Opportunities Funds)

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Redemption of Shares by Trustees. The Trustees may, at their option, call for the redemption of the Shares of any Person or may refuse to transfer or issue Shares to any Person to the extent that the same is necessary to comply with applicable law or advisable to further the purposes for which the Trust is formed. To the extent permitted by law, the Trustees may retain the proceeds of any redemption of Shares required by them for payment payments of amounts due and owing by a Shareholder to the Trust or any Portfolio.

Appears in 18 contracts

Samples: Agreement and Declaration (Old Mutual Advisor Funds Ii), Agreement and Declaration (Aim Variable Insurance Funds), Agreement (Short Term Investments Trust)

Redemption of Shares by Trustees. The Upon the terms and conditions set forth in the Bylaws, the Trustees may, at their option, may call for the redemption of the Shares of any Person or may refuse to transfer or issue Shares to any Person to the extent that the same is necessary to comply with applicable law or advisable to further the purposes for which the Trust is formed. To the extent permitted by law, the Trustees may retain the proceeds of any redemption of Shares required by them for payment of amounts due and owing by a Shareholder to the Trust or any Portfolio.

Appears in 3 contracts

Samples: Exhibit 1 (Aim Special Opportunities Funds), Aim Funds Group/De, Aim Investment Securities Funds Inc

Redemption of Shares by Trustees. The Upon the terms and conditions get forth in the Bylaws, the Trustees may, at their option, may call for the redemption of the Shares of any Person or may refuse to transfer or issue Shares to any Person to the extent that the same is necessary to comply with applicable law or advisable to further the purposes for which the Trust is formed. To the extent permitted by law, the Trustees may retain the proceeds of any redemption of Shares required by them for payment of amounts due and owing by a Shareholder to the Trust or any Portfolio.

Appears in 1 contract

Samples: Agreement and Declaration (Short Term Investments Trust)

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Redemption of Shares by Trustees. The Trustees may, at their option, call for the redemption of the Shares of any Person or may refuse to transfer or issue Shares to any Person to the extent that the same is necessary to comply with applicable law or advisable to further the purposes for which the Trust is formed. To the extent permitted by law, the Trustees may retain the proceeds of any redemption of Shares required by them for payment of amounts due and owing by a Shareholder to the Trust or any Portfolio.advisable

Appears in 1 contract

Samples: Agreement and Declaration (Aim Equity Funds Inc)

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